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Putin calls for aviation boost

Published: 18 December, 2009, 11:24
Edited: 22 March, 2010, 15:08


Vladimir Putin has ordered an extra $700 million to be pumped into the country’s aircraft manufacturers.

 
2 COMMENTS
James December 22, 2009, 01:53 quote
0

I wonder, with the U.S. airlines suffering from high fuel costs and the decline of the worlds oilfields. How Russia or any other nation is going to be able to provide cheap aircraft fuel to the new ones that Russia is building.

Bianca December 23, 2009, 19:54 quote
0

James, it is because Russia will rely on aviation as a means of transport for its vast territory. Traditional infrastructure development, such as roads are not sustainable except on a localized basis. Trains and aviation are the future of Russia. Russia has oil, and if the world minimizes the use of hydrocarbons, more will be left to fuel its own development. The reliance on exports has proven to be a tricky proposition for many countries, and Russia, that is lagging so far behind, will not even try to go that route, with the exception of few target industries. Russia will reorient to boosting domestic production, to minimize imports, and keep foreign trade on an even keel.

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